Tag Archives: Winkelvoss

The Winkelvoss twins, who claim they were defrauded by Facebook when the company settled their lawsuit over Zuckerberg stealing their idea for Facebook, filed an appeal Monday of a decision telling them to be happy with the $65 million payout they negotiated.

The twins, former Olympic rowers who hired their Harvard classmate Mark Zuckerberg in 2003 to help with their social networking site, were told a week ago by the 9th U.S. Circuit Court of Appeals to drop their attempt to undo a 2007 settlement.

That settlement, created in mediation, gave the twins $20 million in cash and $45 million in stock.